ARMOUR Residential REIT, Inc. (NYSE:ARR) COO Acquires $101,520.00 in Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) COO Mark Gruber acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $25.38 per share, for a total transaction of $101,520.00. Following the transaction, the chief operating officer now owns 19,958 shares of the company’s stock, valued at approximately $506,534.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of ARMOUR Residential REIT, Inc. (NYSE ARR) opened at $24.64 on Wednesday. ARMOUR Residential REIT, Inc. has a 52 week low of $20.29 and a 52 week high of $27.60. The stock has a market cap of $1,028.29, a price-to-earnings ratio of 8.83 and a beta of 0.73.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. ARMOUR Residential REIT had a net margin of 76.46% and a return on equity of 9.39%. The firm had revenue of $39.64 million for the quarter, compared to the consensus estimate of $37.49 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. equities research analysts forecast that ARMOUR Residential REIT, Inc. will post 2.69 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, November 27th. Stockholders of record on Wednesday, November 15th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.28 annualized dividend and a dividend yield of 9.25%. ARMOUR Residential REIT’s dividend payout ratio is presently 45.06%.

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A number of research firms have recently commented on ARR. ValuEngine raised shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th.

Several large investors have recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of ARMOUR Residential REIT by 1.1% in the second quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 69 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of ARMOUR Residential REIT by 3.2% in the second quarter. Legal & General Group Plc now owns 11,643 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 364 shares during the last quarter. ETRADE Capital Management LLC raised its holdings in shares of ARMOUR Residential REIT by 4.1% in the second quarter. ETRADE Capital Management LLC now owns 9,451 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 373 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of ARMOUR Residential REIT by 7.1% in the second quarter. Voya Investment Management LLC now owns 19,601 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 1,300 shares during the last quarter. Finally, American International Group Inc. raised its holdings in shares of ARMOUR Residential REIT by 7.0% in the first quarter. American International Group Inc. now owns 22,617 shares of the real estate investment trust’s stock valued at $514,000 after buying an additional 1,482 shares during the last quarter. Institutional investors own 48.76% of the company’s stock.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Insider Buying and Selling by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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